Just joined your fine forum after lurking for a bit.
My fiance and I are dreaming of full time cruising as soon as we can make it possible financially. I've been fascinated by sailing and boats since I was a kid, although my sailing experience is very limited up to this point. She's a marine
biology geek that loves boats and being on the water
as well. We are fairly minimal people and are working hard toward some sort of financial independence, even if it is in shorter bursts rather than a full blown early retirement
We made the plan in January of 2012 while I was working and she was still in school
, that we didn't want the conventional life of college debt, mortgage, kids
, living for the weekends, and retiring at 65. Over the past few years we have been exploring all of the various ways to travel at a relatively low cost and see as much of the world as possible while still young. We have a flat in Poland
that is owned outright by my parents and sits empty most of the year. Backpacking around Europe
and using that as home base will likely come first, followed by a year of traveling around the USA exploring this countries natural beauty through hiking, mountain biking, winter sports, etc. We will likely do this in a converted camper van, RV, or small trailer
The reason for the order prioritization is cost of entry and ease of returning to normal life if things go south, along with it giving us enough time to learn how to sail, crew other peoples boats and make friends with boaters, I would like to learn how to fix basic things and do some preventative maintenance
on boats before full timing. I think it would also be great while cruising to be able to help fellow cruisers, or to make extra $$ working on a marina in exchange for docking
or other services/goods. After the first 18-24 months we would be looking to move onto a live aboard sailboat and cruise
around the east coast
, islands south, and central America
for a year or two, with the eventual goal of crossing over to the Med, SE Asia
, Bora Bora/Tahiti, Hawaii
, and eventually the pacific coast and Baja
. We may have to go back to work
during those sailing years to refill the kitty, and speaking of the kitty that was the main point of this thread.
It looks like there are two types of cruisers in the community. Those that retired and are doing it full time, and those taking a "break" from work
and cruising until funds dry up or they have seen all they wanted to see before returning to the working world.
How do the second plan something like a multi year trip out financially?
Assuming we are planning on working another 2 years, quitting in April of 2020 and embarking to Europe
for 9 months, followed by 12 months of full time traveling by land around the US (boondocking mostly, or staying with friends/family), with the ultimate goal of finishing up, and using the proceeds from the sale
of that rig to live off of while we wrapped up the hunt for a boat
. Heck the RV trip could be a great way to see a lot of boats and get some sailing done all over the place.
I know this will vary by person, but how much money
would you want to have at that point? Assuming we would be 33/31 years old, healthy, with no kids
or plans of kids in the near future.
We currently spend $45k/yr, and in Europe we would spend significantly less ($25-30k), in the USA full time RV camping I would imagine we would also spend a little under that, maybe $35k.
For boats we are looking at something mono-hull and around 36'-38' that will be suitable for living aboard
and doing longer term, multi year, trade-wind type sailing (once we get our sea legs of coarse).
So assuming we would like to spend ~2 years on low cost slow travel by land, and another say, 3 years cruising. What kind of kitty are we looking at?
Year 1 Europe - $30k
Year 2 USA RV - $40k
worthy of eventually cruising around the world?
Ongoing Cruising expenses?
$3k month or $36k a year seems reasonable for two healthy young adults, who enjoy mostly free activities (climbing, hiking, fishing
, swimming, snorkling, cycling (we would have folding bikes on the boat
with us for use on land), reading, cooking
~$225k would give us about 5 years of freedom, assuming we made no income
during those 5 years, and assuming we wouldn't be able to earn even a bit of interest or return on those funds during the 5 years.
Are we crazy for attempting this?
Now how the heck do we save that much money
in 25 months =D
(We have a bit of a start already, but nothing close)